Millennial women need a radical saving and wealth creation to close the salary gap and achieve early retirement. I have these tactics backed up by data.
Start a radical savings plan in your 20s
Many career-ambitious women in their 20s cannot imagine doing something as antiquated as giving up your career later in life. But data suggests that 40% of women take extended time off to take care of children, parents, or to pursue a new passion. Attitudes and priorities change when people get older. Raising children is costlier than ever. Some research even points a counterintuitive trend that high powered women are now leaving their career for scientifically sound reasons.
A 10-year break in a woman's career can cost her as much as $1.3 million in retirement savings. It does not help … [Read more...]